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LEADERSHIP REIMAGINED WHITEPAPER | 27 Across all aspects of DE&I, more progress The researchers state that their previous is needed. Not only is it a moral and legal research on adaptability found it “to be imperative, but enhancing DE&I initiatives associated with a 2x improvement in EBIT could also give organisations a distinct margins, 2x in total shareholder return, and 52 competitive advantage. Consider one of the 1.5–3x in revenue growth.” top 昀椀ve challenges that faced Australian 49 businesses in 2023: improving adaptability. How exactly can DE&I initiatives help with this? 32% 1-25% Researchers at global management consulting 昀椀rm Bain & Company did a detailed study of 79 large companies to evaluate their adaptability to change in 50 . relation to their DE&I ratings They found that each 0.1-point improvement in a company’s DE&I rating corresponded to a 13% increase in its 51 adaptability score .